MANILA - The business empire of Philippine tycoon Dennis Uy, which recently made headlines with a notice of default, may face nearly US$700 million worth of loans maturing this year.
An estimated US$47 million of dual-currency debt with BOC's Manila branch is set to come due on Aug 20.
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Thai banks urged to freeze rates even if cbank hikes policy rate-Finance MinisterBANGKOK : Thailand's commercial banks should not rush to raise their interest rates even though the central bank will tighten monetary policy, the finance minister said on Wednesday.The Bank of Thailand is widely expected to raise its key rate for the first time in nearly four years later on Wednesday.
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